Reviews About IC Markets from Clients in Spain
Spanish traders share their perspectives on IC Markets – gain valuable insight from the experiences and opinions of Spanish traders and make informed decisions.
IC Market is a distinguished online trading platform established in Sydney, Australia, in 2007 and has since risen as a prominent broker with a global clientele exceeding over 180,000 active traders. The broker is renowned for its low spreads, fast execution, and regulatory compliance, and offers financial trading services to individuals across several countries, including Spain.
Nevertheless, gaining insights into the perception and opinions of financial trades from specific regions, such as Spain, is crucial for individuals considering IC Markets as their trading platform.
This IC Market review delves into the firsthand experiences and opinions of Spanish traders who actively engage with the IC Markets platform. Through this review, we aim to provide prospective Spanish traders with a detailed overview of IC Markets to aid in making informed decisions.
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Where can I write a review about IC Markets?
You can write reviews about IC Markets on websites like Trustpilot.com, Quora.com, etc.
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Is IC Markets legit or not?
Yes. IC Markets is a legitimate financial trading platform that operates under the oversight of multiple regulatory bodies like the Australian Securities and Investment Commissions (ASIC), Cyprus Securities and Exchange Commission (CySEC), etc.
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What can you find out in reviews of IC Markets?
Traders Union’s review of IC Markets confirms its legitimacy as a trading platform with impressive scores across various metrics. It has a brand popularity score of 9.45/10, user satisfaction at 9.65/10, commission and fee rating of 9.43/10, and 8.77/10 for regulation and safety. Additionally, IC Markets ranks #3 out of 400 evaluated companies, securing an outstanding overall score of 9.64 out of 10.
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Why should I read reviews about IC Markets?
Reviews about IC Markets provide insights into other traders' experiences while using the broker, which helps decision-making.
IC Markets reviews from traders in Spain
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RoboForex trading account setup is fast and it was easy for me to pull my first trade on MT4. There are 3 types of order execution and loads of ready-to-use indicators and tools for technical analysis and graphic analysis on the trading platform. Among the different order types, the market order is the simplest. When executing this entry order, it opens a trading position immediately, helping me achieve my main goal of selling or buying the asset at the current market price without delay. Also, the broker's EUR/USD spread is close to the declared 0.2 - 0.5 pips. In other currency pairs, it's better to consider the limit order because spreads could be pretty wide.
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Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
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Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
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Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
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Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company
Is IC Markets Regulated in Spain? Is it Legit?
IC Markets, a reputable financial trading broker, is not regulated by the National Securities Market Commission (CNMV) or any financial regulatory bodies in Spain. Nevertheless, it is a legitimate broker that operates legally and securely within the Spanish market.
IC Markets is regulated by top financial bodies across several countries, a testament to its commitment to ensuring a safe and reliable trading platform for its clients. The regulatory bodies overseeing IC Markets include the Australian Securities and Investments Commission (ASIC) in Australia, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Supervisory Authority in Seychelles.
Moreover, IC Markets keeps investors’ money in segregated bank accounts to protect them in case of the unlikely event of insolvency within the company. This practice further underscores IC Markets’ commitment to operating with integrity and transparency, ensuring the utmost protection of clients’ funds.
Is IC Markets Good for Beginners?
IC Markets isn’t the best choice of broker for beginners in the financial trading industry. However, the broker may be considered a good trading platform for beginners because it exhibits certain beginner-friendly features and criteria, which enables beginners to trade without hassle.
Here are in-depth reasons why IC Markets can be considered a suitable broker for beginners:
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User-Friendly Interface: IC Markets offers an easy-to-navigate platform, which enables beginners to use the broker without hassle.
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Regulation and Safety: IC Markets operates under the oversight of multiple financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC), etc., which ensures a transparent and secured trading environment for traders.
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Spreads and Fees: IC Markets offers one of the most competitive spreads and low trading fees, effectively lowering trading costs for traders, especially for beginners with small funds. Besides, unlike other brokers, IC Markets doesn’t charge non-trading fees, enabling a cost-effective platform for beginners.
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Education: IC Markets provides educational materials and resources such as video tutorials, webinars, articles, etc., which help beginners learn more about the financial markets.
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Demo Accounts: IC Markets offers traders, especially beginners, access to a demo account. This allows them to practice their trading strategies and become familiar with the market dynamics without risking real funds.
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Responsive Customer Support: IC Markets provides round-the-clock (24/7) support services to assist traders with any questions or issues they encounter. Customer support is available via email, live chat, and phone.
Pros and cons of IC Markets
👍 Pros
• The IC Markets offers various financial trading instruments, including currencies, stocks, indices, cryptocurrencies, and commodities.
• Availability of multiple trading platforms such as MetaTrader 4, MetaTrader 5, and CTrader.
• IC Markets has one of the best spreads in the financial trading industry, which starts from 0 pips.
• IC Markets offers relatively fast trade execution with minimal slippage, ensuring traders' orders are filled at the expected market price.
• Lastly, the broker does not charge an inactivity fee.
👎 Cons
• IC Market has a minimum deposit requirement of $200.
Team that worked on the article
Joshua Francis is a professional Forex trader with 4+ years of experience in the financial industry. He trades the XAU/USD and GBP/JPY pairs. He is also a ghostwriter and author for Indicatorspot and Traders Union, where he puts his intensive research skills and deep knowledge of the financial markets into freelance writing.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).